***United States set to default on debts***

they raise the debt ceiling every year, this is nothing new. I think they should just raise it to a cool 100 trillion and avoid having to raise it for maybe another... 10 years possibly.

You know we can print endless amounts of cash, and until someone forces us militarily to stop, we will continue ad nauseam.

But pinn worthy still

See what happens dumicrats when you just print money!!!!! Blame all Democrats!!!! Maybe Obama, Timmy Geithner, and Bernanke just wont pick up the phone when the debtors start calling! Will China hire a debt collection agency to collect???/

If it happens, it will be after the elite kill the dollar, sending us into hyperinflation.

Continually raising the debt ceiling will only make the fall that much worse.

Smoke and mirrors.

I wonder when they will roll out the White Tigers and tightrope walkers to complete the show.

I agree with another poster, let them raise it to 100T and just be done with it... then go print, like you will anyway, and either hide it (like normal) or do it in the public eye... doesn't matter...

Only a wise man will survive this -- you don't want to be the last one holding dollars when the music stops and everyone grabs a chair...

The U.S. will default when the clock reaches 14.29 trillion.

[link to www.usdebtclock.org]

It's at 14.0033T now...

Last Edited by GunnySgt on 01/04/2011 10:51 AM

DEFAULT BITCHES.

WE ARE BANKRUPT, THERE IS NO WAY OUT.

Defaulting is economic suicide.

.


The only way to save this country is to cut the size of all governments (local, state & federal) by 80%.

And keep it that way.



.

Dude, YOU ARE HOPLESSELY BANKRUPT.

You sound like if you were unemployed and owed 50,000 dollars on your credit card, you would take out a bank loan.

Am I right?

Your Bankrupt.

Here is the US Gov't's options at this point:

1.Declare default and write off all Treasuries.

Result: US Dollar crash. Global Great Depression II. Possible war.

2. Continue to create money from nothing to pay those Treasuries, and to pay for Federal continued spending.

Result: Hyperinflation & US Dollar crash (+ all currencies pegged to the dollar will crash)

3. Drag the world into WWIII and extort the "Allies" into continuing to self-inflate & buy US Treasuries at gun-point.

Result: US Economy pretends to continue surviving, although at the expense of the world. This will bleed the world dry monetarily, and destroy all those who oppose the US and the NWO.

Which option do you think TPTB will choose?

Allowing hyperinflation is the only way the debt can be paid off. There is no other way because it is just that big. Then the government can pay off the debt with worthless dollars, slate is wiped clean and then a new economic system will be put in place.

Might piss off the creditors a bit, though.

Dude the economy has 1-3 QUADRILLION dollars in derivatives debt.

You are falling right into the trap they want you to, make the people pay.

Wake the hell up.

I couldn't agree more. Most local governments are already cutting public services and have been in the red since 2009.

The local revenuers are out in force collecting every last drop of blood they can from the public.

What a wonderful judgment day we are having???

Are you are idiot?
Why don't you people EVER factor the derivatives debt into the equation?

1-3 QUADRILLION DOLLARS.
You are trying to bail out the Titanic with a dixie cup.

Defaulting may be the only thing that will rattle this country enough to wake up.

Won't take military action - just a bond selling action. If China and/or other countries completely sell their US junk bonds, interest rates would skyrocket, the stock market would collapse 5,000+, housing prices would collapse 50%, and the US dollar would start it's final hyperinflation death cycle.

Look up Zimbabwe, Iceland, Argentina, Russia, Mexico, etc.

It's happened before and WILL happen again.

+100000

How much is a trillion dollars...


A million dollars in hundred dollar bills will make a pile about five inches high.

A trillion dollar pile will be 71 MILES high.

Sorry but derivatives aren't causing the collapse of my local infrastructure. No jobs and lack of revenue are. Along with a host of other things that have nothing to do with derivatives. Perhaps at some point they will come into play but at right now I see little if any connection.

I believe the Fed backs up our Iou's ,I mean dollars ,with about 10 percent in gold? I say we wipe out the Fed pay them 10 percent of the deficiet we currently owe. We then start our own REAL U.S treasury as in owned by the people and coined by the people. Thirdly we No longer charge ourselves interest. Finally Any country that bought our debt in the past gets 90 percent of the value of that debt in form of our new 100 percent back by gold New U.S dollar .

Iceland has already started to recover.
Russia has been black for a long time.

You have to default, because it gets worse exponentially.
Your grandkids will curse you if you don't bite the bullet.

Nothing will be resolved unless and until the US bans OTC derivatives, like Russia and China have already done. They are at the functional heart of the banking/gov't corruption.

It's just a scam for the Fed Gov't to get even more money to bribe their constituents:

Gov't borrows money.
They spend it in the form of pork for re-election.
Those expenditures + lax lending laws allow US subjects to go into debt more to buy more real-estate and consumer goods.
The banks bundle the junk real-estate notes and resell them as OTC derivatives for additional profits. (over 1 quadrillion dollars in notional amounts so far, and counting)
The banks and the foreign markets get rich.
And when the notes and derivatives fail, the banks get their bail-outs, and more bonuses.
The foreign gov't-owned corporations that provide the US consumer goods get their excess trade deficit money from our purchases.
Then they turn around and loan back much of that money to the US Gov't by buying even more Treasuries.
And the viscous cycle continues...

And the sheep continue to be clueless about how they are being played because they are brainwashed by the state-controlled media.

That is because instead of bailing out local governments and pumping money into infrastructure they used it to bail out the banks that gambled the money away in the DERIVATIVES MARKET.

Get it?

I like your ideas but where will the gold come from? We haven't been able to audit Ft. Knox to know if there is even any left.